Can Investors Learn A Few Things From A Country Song? Those of you who know me well know that I am from Alabama and that I still have some Southern boy in me. Those of you who know a little country music may also recognize that the title of this post is based on a … More Chicken Fried and Cold Beer on a Friday Night
If you look up the definition of “disconnected,” you will find the word “incoherent” among its synonyms. Being “disconnected” sounds negative and, in fact, people are often ridiculed for not being “connected.” In keeping with the title of my website blog, I’m posting this provoking question. Are we more coherent when we are disconnected? I … More Disconnected or Connected?
“Honey, I need to go.” When I woke up my wife to tell her this, it was still dark outside on Sunday, September 14, 2008. I had finally gotten at least a little sleep, after many calls and emails on Saturday had given me at least a little hope that my firm, Lehman Brothers, might … More The Good Story
Based on My True Stories, I’ll Let You Decide While surfing Twitter one weekend, I noticed another long debate about the difference between passive and active investment management. When the debate turned to the meaning and use of the words “active” and “passive”, I chimed in by sharing a brief tale of time I spent … More What Is Passive?
We all hear stories about growing economic inequality, but pictures do indeed speak a thousand words. Light colors represent counties in the U.S. that are growing. Darker colors illustrate those falling behind. Red highlights parts of the country that new research says are economically “distressed.” The chart above was published today at Axios and comes … More The Economy Has Improved but Many Have Been Left Behind
Strong Fiduciary Commitment – Why It Matters to Both Investment Firms and Investors In a sad follow-up to a previous post, it seems like the somewhat two-faced arguments of the investment industry have for now, won the regulatory day. With the death of Department of Labor Fiduciary Rules, my sad bet is that confusion is … More Fiduciary Commitment and Why It Matters